A system utilized by businesses selling goods directly to consumers, automates and manages the process of generating invoices, processing payments, and tracking sales. As an example, a clothing shop uses this to record transactions, calculate totals (including tax), apply discounts, and provide customers with receipts.
Such systems are vital for accurate financial record-keeping, streamlined operations, and improved customer service. Its adoption marks a significant evolution from manual methods, reducing errors, saving time, and offering valuable data insights into sales trends and inventory management. These insights help inform business decisions and optimize profitability.